2S Metal PCL (BKK:2S) FCF Margin %: 12.44% (As of Mar. 2026) — 382% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:2S 2S Metal PCL BKK:2S
69 GF Score
Price ฿3.08
GF Value ฿2.99
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is 2S Metal PCL FCF Margin %?

2S Metal PCL BKK:2S 69 FCF Margin % is 12.44% as of Mar. 2026, which is 382% above its 10-year median of 2.58. GuruFocus rates BKK:2S with a GF Score™ of 69/100 and a GF Value™ of ฿2.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 611 Steel companies, 2S Metal PCL ranks better than 82.32% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. 2S Metal PCL's Free Cash Flow for the three months ended in Mar. 2026 was ฿259 Mil. 2S Metal PCL's Revenue for the three months ended in Mar. 2026 was ฿2,081 Mil. Therefore, 2S Metal PCL's FCF Margin % for the quarter that ended in Mar. 2026 was 12.44%.

As of today, 2S Metal PCL's current FCF Yield % is 35.64%.

The historical rank and industry rank for 2S Metal PCL's FCF Margin % or its related term are showing as below:

BKK:2S' s FCF Margin % Range Over the Past 10 Years
Min: -3.95   Med: 2.58   Max: 8.27
Current: 7.92


During the past 13 years, the highest FCF Margin % of 2S Metal PCL was 8.27%. The lowest was -3.95%. And the median was 2.58%.

BKK:2S's FCF Margin % is ranked better than
82.32% of 611 companies
in the Steel industry
Industry Median: 1.14 vs BKK:2S: 7.92


2S Metal PCL FCF Margin % Related Terms


2S Metal PCL FCF Margin % Historical Data

* Premium members only.

The historical data trend for 2S Metal PCL's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2S Metal PCL FCF Margin % Chart

2S Metal PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.27 3.41 0.89 0.00 0.96

2S Metal PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.65 9.12 8.73 0.74 12.44

BKK:2S vs NUE, STLD, RS: FCF Margin % Comparison

For the Steel subindustry, 2S Metal PCL's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


2S Metal PCL FCF Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, 2S Metal PCL's FCF Margin % distribution charts can be found below:

* The bar in red indicates where 2S Metal PCL's FCF Margin % falls into.


BKK:2S
69GF Score
2S Metal PCL BKK:2S
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2S Metal PCL FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

2S Metal PCL's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=72.208/7541.876
=0.96 %

2S Metal PCL's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=258.818/2080.907
=12.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 12.44% mean?
2S Metal PCL (BKK:2S) has a FCF Margin % of 12.44% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on 2S Metal PCL and its competitors. This is 382% above median its historical median of 2.58. According to the industry distribution chart, 2S Metal PCL ranks #108 out of 611 companies in the Steel industry, placing it in the top 17.7%.
Is 2S Metal PCL's FCF Margin % too high?
2S Metal PCL's current FCF Margin % of 12.44% is 382% above median its 10-year median of 2.58. The Steel industry median FCF Margin % is 1.14. 2S Metal PCL's value of 12.44% is 991.2% above this industry median. Based on the distribution chart, 2S Metal PCL ranks #108 out of 611 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, 2S Metal PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2S Metal PCL's FCF Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, 2S Metal PCL ranks #108 out of 611 companies for FCF Margin %. This places 2S Metal PCL in the top 18% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 1.14. 2S Metal PCL's value of 12.44% is 991.2% above this benchmark. While the company's 10-year median is 2.58 vs. the industry median of 1.14, 2S Metal PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Steel company?
The median FCF Margin % among Steel companies is 1.14, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 2S Metal PCL's current FCF Margin % of 12.44% is 991.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on 2S Metal PCL and its competitors. For the Steel industry, the median FCF Margin % is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2S Metal PCL's current FCF Margin % is 12.44%, which is 382% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2S Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, 2S Metal PCL (BKK:2S) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.99, compared to a current price of ฿3.08 — trading 3% above its estimated fair value. The current FCF Margin % is 12.44%, which is 382% above median its 10-year median of 2.58 and 991.2% above the Steel industry median of 1.14. 2S Metal PCL's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For 2S Metal PCL (BKK:2S), the current FCF Margin % is 12.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 2S Metal PCL (BKK:2S) Overvalued in 2026?

Based on GuruFocus' analysis, 2S Metal PCL stock appears to be overvalued. The current stock price of ฿3.08 is trading 3% above its estimated GF Value™ of ฿2.99. GuruFocus considers 2S Metal PCL to be Fairly Valued.

Key valuation signals for BKK:2S:

  • FCF Margin %: 12.44% (382% above median its 10-year median of 2.58)
  • GF Value™: ฿2.99 vs. price of ฿3.08 (3% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 991.2% above the Steel median (#108 of 611)

No single metric tells the full story. See the BKK:2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


2S Metal PCL Business Description

Address No. 8/5 Moo 14, Thachang Subdistrict, Bangklam District, Songkhla Province, Songkhla, THA, 90110
2S Metal PCL is a Thailand-based company engaged in the manufacture, distribution, and trade of steel products. It is mainly engaged in manufacturing steel pipes, steel plates, light lip channels, and steel wire mesh, and trading steel products. The company's operating segments are the trading of steel products, including raw materials, and the production and distribution of steel products. The majority of its revenue is generated from the production and distribution of steel products. Geographically, it derives maximum revenue from the local market and the rest from the Lao People's Democratic Republic.
69GF Score

Get the complete analysis for BKK:2S

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.08
Price
฿2.99
GF Value